foreign exchange

Because it opens up flows of foreign exchange and encourages investment in local infrastructure, tourism is often touted as a route to prosperity and stability for struggling countries.

If you want to send money to someone living in another country, traditional retail banks charge a lot in foreign exchange fees, foreign transaction fees, etc.

Tourism is the largest industry, employing 800,000 people, and is the country’s main source of foreign exchange.

It has built up foreign exchange reserves of more than $180 billion, placing it at No.

Global travel restrictions have shut down the island’s tourism sector – the primary market for the businesses run by self-employed Cubans and a crucial source of foreign exchange for the government.

“They get paid for their oil in dollars,” said David Solin, a partner at Foreign Exchange Analytics in Essex, Connecticut.

Even the big name foreign-exchange traders, usually among the most risk-prone, are feeling fearful.

Our exports again exceed our imports, and foreign exchange is at 7-1/4 in gold, or two per cent below par.

It was in vain to talk to him of the rates of foreign exchange in the mystic jargon of the Bourse.

These were established to deal with foreign exchange and to facilitate trade with other countries.

It is quite in order that we should follow lessons on the clearing-house and commercial drafts with a lesson on foreign exchange.

Cotton was gold, foreign exchange, individual wealth, national solvency.